Henry George, the Author of Progress and Poverty (1879), Claimed

question 50

Multiple Choice

Henry George, the author of Progress and Poverty (1879) , claimed that ________________.

• A) tariffs benefited labor as much as business
• B) the only way to achieve social justice was by abolishing private property
• C) a single property tax, based on the rise in property values caused by increased market demand, would prevent profiteering by land speculators
• D) only a rigidly enforced income tax on the wealthy could provide the revenue necessary to end poverty

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Definitions:

Circular-Flow Diagram

A visual model of the economy that shows how dollars flow through markets among households and firms, illustrating the interactions between key sectors of the economy.

Factors Of Production

Resources used in the creation of goods and services, traditionally categorized into land, labor, capital, and entrepreneurship.

Doghouses

Small shelters provided for dogs, typically placed outdoors, offering protection and a comfortable space for pets.

Dishwashers

Appliances designed for automatically cleaning dishware and cutlery.